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- fxmars replied Mar 8, 2019
It was mixed... unemployment rate was 3,8% against a forecasted 3,9%, but only 20K new jobs against a forecasted 180K. So pretty much a non-event. The Brexit vote on Tuesday is likely to be more influential though. However, on the subject of ...
- fxmars replied Mar 8, 2019
Thanks Jazz!
- fxmars replied Mar 8, 2019
Nice H1 EMA touch. Was also a 161.8% from the ABCD.
- fxmars replied Mar 8, 2019
LOL, that's the second H1 bar that looked like it would close in a continuation div to give us a nice target in the 3040's, but both times, during the last minutes the bears took over and closed the bar below the closest pivot. So we are left with a ...
- fxmars replied Mar 7, 2019
Scalping mode right now. I noticed that all 5 regular divergences worked out during this euro session. 1 and 2 are small continuation plays. 3, 4 and 5 are countertrend trades back to the ema (or hedges).
- fxmars replied Mar 6, 2019
Price is accumulating atm, getting ready for a larger move. On the H4 (se chart) we are trading below the average, but, as Alan pointed out, the D1 has run into support.
- fxmars replied Mar 1, 2019
Another 161.8%.
- fxmars replied Mar 1, 2019
Looking for 3203... ...but lots of clearing on H4 before price reaches there
- fxmars replied Mar 1, 2019
Thanks, love these 161.2 extensions. Another one:
- fxmars replied Feb 27, 2019
Check out post 2152
- fxmars replied Feb 27, 2019
The H1 EMA was just dragged past another former EMA level (3242). Needs support to extend further? On M5 price playing ping pong with the 50%, final target 3342 might be too far (also a H1 EMA level).
- fxmars replied Feb 27, 2019
Thanks, Alan. I often just copy the AB line. Should be more accurate.
- fxmars replied Feb 27, 2019
I was aiming a tad lower, had these M5 tagets. Next is H1 target at 3331
- fxmars replied Feb 27, 2019
Price struggling with yesterday's high and the 50% of the ABCD. Hope it can push through.
- fxmars replied Feb 22, 2019
In a system based on divergences that is an important distinction to make. However, this is not a M5 divergence method, it is rather a 26EMA method where we take inference from the H1 and enter on the M5 time frame, sometimes based on divergence, ...
- fxmars replied Feb 21, 2019
Nice If this trade happened in the European session I probably would have trailed the stop and gotten more out of it, but I was happy to set a TP of 40 and walk away. It was a case of trading fatigue, not a fan of monitoring trades in the US ...
- fxmars replied Feb 21, 2019
I hear you, I was also tempted to go short in the morning session yesterday, and in hindsight that would have worked out. But I do not regret not shorting, cause, even though it was somewhat of a mixed bag, the main inference I got from H1 was to go ...
- fxmars replied Feb 19, 2019
It's just tightroping the D1 average at the moment. Can it find support?
- fxmars replied Feb 15, 2019
If price gets up there, it looks like 3090 will be a monster level.
- fxmars replied Feb 11, 2019
Hi, a friendly suggestion; never take a trade based on M5 time frame alone. The backbone of this method is to take inference from a higher time frame. As per the chart below, at the time of news, we were trading below the H1 ema. Additionally we ...